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Egypt Shuns Millions of Barrels of Oil Cargoes in Shift to LNG

Admin August 8, 2025
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Egypt gave up on more than 2 million barrels of petroleum cargoes it offered to buy when gas supplies from Israel were briefly cut, after securing massive amounts of LNG to help meet its electricity generation needs.

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  • Subprime lender PrimaLend Capital Partners files for bankruptcy protection
  • Tesla Profits Expected to Drop 25% in Third Quarter
  • Beyond Meat’s stock is up 1,200% in four days as blistering meme-stock rally rocks on
  • India, U.S. near trade deal with major tariff cuts, reduced Russian oil purchases
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